Independent Standard-Setting Boards

The International Auditing and Assurance Standards Board sets high-quality international standards for auditing, assurance, and quality control that strengthen public confidence in the global profession.

The International Accounting Education Standards Board establishes standards, in the area of professional accounting education, that prescribe technical competence and professional skills, values, ethics, and attitudes.

The International Public Sector Accounting Standards Board develops standards, guidance, and resources for use by public sector entities around the world for preparation of general purpose financial statements.

Membership

IFAC is comprised of over 175 Members and Associates in over 130 countries and jurisdictions*, representing almost 3 million accountants in public practice, education, government service, industry, and commerce. IFAC Members and Associates are professional accountancy organizations (PAOs) recognized by law or general consensus within their countries as substantial national organizations.

Associate status is open to PAOs that do not meet all of the Member admission criteria but demonstrate evidence of compliance with additional criteria and procedures.

Value of Membership

IFAC Member and Associate status brings with it a great deal of value. Members and Associates:

Become part of the global voice of the profession;

Obtain access to information, resources, and support to help strengthen the profession locally, regionally, and nationally; and

Provide input on critical global issues and contribute to the global agenda.

In addition to the above, IFAC Members influence the operations, strategy, leadership, and membership of IFAC by voting on many different matters during all IFAC Council meetings.

Affiliates, Regional Organizations, and Accountancy Groupings

IFAC also has Affiliates, organizations that do not meet Associate admission criteria but are involved in the development of the accountancy profession.

IFAC works with Recognized Regional Organizations and Acknowledged Accountancy Groupings, independent bodies that support the development of the international accountancy profession, facilitate convergence to international standards, and provide leadership in addressing issues affecting the accountancy profession in their region and/or among their constituencies. Regional Organizations support IFAC Members, Associates, and the profession within a geographic region; Accountancy Groupings bring together professional accountancy organizations with specific commonalities, such as language, culture, proximity, trade, etc.

ALL RIGHTS ARE RESERVED. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (i.e. professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of the International Federation of Accountants (IFAC). Please direct permission requests to permissions@ifac.org. See also Permissions Information.